The estimated Net Worth of Joseph Morea is at least $385 mil dollars as of 27 July 2023. Mr. Morea owns over 20,000 units of Industrial Logistics Properties Trust stock worth over $193,600 and over the last 10 years he sold ILPT stock worth over $36,225. In addition, he makes $154,940 as Independent Trustee at Industrial Logistics Properties Trust.
Joseph has made over 15 trades of the Industrial Logistics Properties Trust stock since 2015, according to the Form 4 filled with the SEC. Most recently he bought 20,000 units of ILPT stock worth $73,600 on 27 July 2023.
The largest trade he's ever made was buying 20,000 units of Industrial Logistics Properties Trust stock on 27 July 2023 worth over $73,600. On average, Joseph trades about 1,175 units every 58 days since 2015. As of 27 July 2023 he still owns at least 40,000 units of Industrial Logistics Properties Trust stock.
You can see the complete history of Mr. Morea stock trades at the bottom of the page.
Joseph L. Morea serves as Independent Trustee of the Company. Mr. Morea was a vice chairman and managing director, serving as head of U.S. Equity Capital Markets, at RBC Capital Markets, an international investment bank, from 2003 until 2012. From 2008 to 2009, Mr. Morea also served as the head of U.S. Investment Banking for RBC Capital Markets. Previously, Mr. Morea was employed as an investment banker, including as a managing director and the co-head of U.S. Equity Capital Markets at UBS, Inc., the chief operating officer of the Investment Banking Division and head of U.S. Equity Capital Markets at PaineWebber, Inc. and a managing director of Equity Capital Markets at Smith Barney, Inc. Prior to working as an investment banker, Mr. Morea was employed as a certified public accountant. Mr. Morea served as a trustee of Equity Commonwealth from 2012 until 2014.
As the Independent Trustee of Industrial Logistics Properties Trust, the total compensation of Joseph Morea at Industrial Logistics Properties Trust is $154,940. There are 2 executives at Industrial Logistics Properties Trust getting paid more, with John Murray having the highest compensation of $444,165.
Joseph Morea is 64, he's been the Independent Trustee of Industrial Logistics Properties Trust since 2018. There are 2 older and 12 younger executives at Industrial Logistics Properties Trust. The oldest executive at Industrial Logistics Properties Trust is Kevin Phelan, 75, who is the Independent Trustee.
Joseph's mailing address filed with the SEC is C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON, MA, 02458.
Over the last 7 years, insiders at Industrial Logistics Properties Trust have traded over $75,543 worth of Industrial Logistics Properties Trust stock and bought 86,000 units worth $335,250 . The most active insiders traders include Adam D. Portnoy, Lisa Harris Jones y Joseph Morea. On average, Industrial Logistics Properties Trust executives and independent directors trade stock every 109 days with the average trade being worth of $59,609. The most recent stock trade was executed by Kevin C Phelan on 2 August 2024, trading 2,000 units of ILPT stock currently worth $9,500.
ilpt is a real estate investment trust, or reit, that owns and leases industrial and logistics properties throughout the united states. ilpt is managed by the operating subsidiary of the rmr group inc. (nasdaq: rmr), an alternative asset management company that is headquartered in newton, ma.
Industrial Logistics Properties Trust executives and other stock owners filed with the SEC include: